Last Days
Stanley J. Harte, owner of the Empire Mutual building, purchased the Dauphin Hotel and the Marie Antoinette Hotel for $3 million when his structure needed extra space. He resold the land to another insurance company and leased it back for forty years, with options of thirty and twenty-nine additional years. Concurrently Sonnenblick-Goldman obtained a $3.3 million leasehold mortgage from Harte for twenty-five years with a thirty year option. There was an additional option to add five stories when necessary. The expansion was ongoing in December 1964.
Read more about this topic: Dauphin Hotel
Famous quotes containing the word days:
“Be careful then how you live, not as unwise people but as wise, making the most of the time, because the days are evil.”
—Bible: New Testament, Ephesians 5:15-16.
“The rage for road building is beneficent for America, where vast distance is so main a consideration in our domestic politics and trade, inasmuch as the great political promise of the invention is to hold the Union staunch, whose days already seem numbered by the mere inconvenience of transporting representatives, judges and officers across such tedious distances of land and water.”
—Ralph Waldo Emerson (1803–1882)